The correct answer is: $130,000.
The dividend to the non-controlling interest is calculated by looking at the movement in the statement of financial position figure and adjusting it for the non-controlling interest in the profit for the year and the subsidiary acquired during the year.
Correct answer
|
|
$ |
|
Non-controlling interest as at 31.12.20X4 |
525,000 |
|
Non-controlling interest in profit for the year |
55,000 |
|
Non-controlling interest in subsidiary acquired
(400,000 × 25%) |
100,000 |
|
Non-controlling interest as at 31.12.X5 |
(550,000) |
|
Dividend paid to non-controlling interest |
130,000 |
Incorrect answers
|
|
$ |
|
Non-controlling interest as at 31.12.20X5 |
550000 |
|
Non-controlling interest in profit for the year |
55,000 |
|
Non-controlling interest in subsidiary acquired
(400,000 × 25%) |
100,000 |
|
Non-controlling interest as at 20X4 |
(525,000) |
|
Dividend paid to non-controlling interest |
180,000 |
|
|
$ |
|
Non-controlling interest as at 31.12.20X4 |
525,000 |
|
Non-controlling interest in profit for the year |
55,000 |
|
Non-controlling interest in subsidiary acquired excluded
Non-controlling interest as at 20X5 |
(550,000) |
|
Dividend paid to non-controlling interest |
30,000 |
|
|
$ |
|
Non-controlling interest as at 31.12.20X4 |
525,000 |
|
Non-controlling interest in profit for the year |
(55,000) |
|
Non-controlling interest in subsidiary acquired
(400,000 × 25%) |
100,000 |
|
Non-controlling interest as at 20X5 |
(550,000) |
|
Dividend paid to non-controlling interest |
20,000 |
|
|
$ |
|
Non-controlling interest as at 31.12.20X4 |
525,000 |
|
Non-controlling interest in profit for the year |
55,000 |
|
Non-controlling interest in subsidiary acquired
(400,000 × 75%) |
300,000 |
|
Non-controlling interest as at 20X5 |
(550,000) |
|
Dividend paid to non-controlling interest |
330,000 | |
